Tag: behavior

So this is embarrassing: I’ve been advising institutions and individuals about financial decisions for nearly three decades and yet I’ve failed many times to make good choices myself. I want to share a list of my failures with you both so you can avoid them and as a commitment device, so I don’t keep failing … Continue reading My Most Embarrassing Financial Failures

I took my annual look at my investments this week, and boy did I get it wrong. A few years ago, I determined I should have about 70% of my investments in equities. Instead, as of yesterday, I had less than 60%. Most of the excess was in cash, earning essentially nothing and missing out on … Continue reading How to ‘Architect’ Your Investment Behavior

I’ve got a wickedly complex decision to make. What should my priorities be now that I no longer have a full-time banking job? I’ve got at least a dozen different alternatives, each with subtle-to-obvious differences with respect to my key values including impact on my family, benefit to society, intellectual challenge, financial security and leverage of … Continue reading Got a Tough Decision? Fuggedaboutit!

The Atlantic recently ran this terrific article by Jonathan Rauch about the nearly universal u-shaped path of happiness that most humans and some primates follow: Happiness starts relatively high in early adulthood, declining steadily until late 40s or early 50s, when it picks up again until the final years. It appears to be much more … Continue reading Career Decisions & the U-Shaped Happiness Curve